Bankruptcy Regulations 1996

PART 8 - TRUSTEES  

Division 3 - Registered trustee ceasing to be trustee of an estate  

REGULATION 8.50   NOTICE OF REMOVAL OF TRUSTEE OF ESTATE  

8.50(1)    
This regulation applies if the trustee of a regulated debtor ' s estate is removed from the office of trustee of the estate by the Court or by the creditors.

8.50(2)    
Notice must be given in writing to the Official Receiver stating the name of the trustee, the fact and the date of the removal and whether the removal was by the Court or the creditors.

8.50(3)    
The notice must be given:


(a) in the case of removal by the Court - by the applicant to the Court for the removal, as soon as practicable after the making of the order for removal; or


(b) in the case of removal by the creditors - by the new trustee of the regulated debtor ' s estate appointed by the creditors under section 90-35 of Schedule 2 to the Act, as soon as practicable after the appointment.

8.50(4)    
An offence against this regulation is an offence of strict liability.

Penalty: 1 penalty unit.



 

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